FlyerTalk Forums - View Single Post - SQ gives Schooling 1 million miles + KF elite gold
Old Aug 15, 2016 | 9:24 am
  #33  
weero
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Originally Posted by Box10
..The US tax bite is worse than in Singapore....
Depends on the item.

Cars carry an easy 250%-300% tax overall and the taxation system is very cryptic and indirect, you are taxed for lots of items you either never receive (health benefits) or are not aligned to anything real (provided housing and monopoly on land), you have many monopoly items (all commodities) which are overpriced, and there is lots of product and import barriers.
Unless you are either poor, lowest middle class, or have a very high income, these items add up to a European tax bracket ...
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